Direxion Daily GOOGL Bear 1X Shares (NASDAQ:GGLS – Get Free Report) saw a significant drop in short interest in July. As of July 15th, there was short interest totaling 11,335 shares, a drop of 96.9% from the June 30th total of 361,908 shares. Based on an average daily trading volume, of 1,047,764 shares, the short-interest ratio is currently 0.0 days. Approximately 4.9% of the company’s stock are sold short.
Hedge Funds Weigh In On Direxion Daily GOOGL Bear 1X Shares
Hedge funds have recently added to or reduced their stakes in the stock. Hamilton Wealth LLC purchased a new stake in shares of Direxion Daily GOOGL Bear 1X Shares during the 1st quarter worth approximately $5,936,000. Renaissance Technologies LLC purchased a new position in shares of Direxion Daily GOOGL Bear 1X Shares in the 4th quarter valued at $331,000. Optiver Holding B.V. grew its position in shares of Direxion Daily GOOGL Bear 1X Shares by 90.4% in the 1st quarter. Optiver Holding B.V. now owns 46,940 shares of the company’s stock valued at $342,000 after buying an additional 22,292 shares during the last quarter. Virtu Financial LLC acquired a new stake in Direxion Daily GOOGL Bear 1X Shares during the 3rd quarter worth $312,000. Finally, Flow Traders U.S. LLC raised its stake in Direxion Daily GOOGL Bear 1X Shares by 48.0% during the 2nd quarter. Flow Traders U.S. LLC now owns 17,354 shares of the company’s stock worth $215,000 after acquiring an additional 5,627 shares in the last quarter.
Direxion Daily GOOGL Bear 1X Shares Trading Down 0.5%
Shares of NASDAQ:GGLS traded down $0.33 on Friday, hitting $63.57. 134,410 shares of the company’s stock were exchanged, compared to its average volume of 1,407,942. The firm’s 50-day moving average is $56.73 and its 200 day moving average is $62.23. Direxion Daily GOOGL Bear 1X Shares has a 1-year low of $50.65 and a 1-year high of $116.40.
Direxion Daily GOOGL Bear 1X Shares Announces Dividend
About Direxion Daily GOOGL Bear 1X Shares
The Direxion Daily GOOGL Bear 1X Shares ETF (GGLS) is an exchange-traded fund that is based on the Alphabet Inc Class A index. The fund provides inverse (-1x) exposure, less fees and expenses, to the daily price movement for shares of Google stock. GGLS was launched on Sep 7, 2022 and is managed by Direxion.
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